LiteCoin (LTC) Bull Flag Pattern Could be Complete
SUMMARY
Litecoin (LTC) seems to have put in the abcde waves of a bull flag where price traverses within a downward pointing parallel lines. This has not generated a lower low compared to the start of the previous blue impulse wave up. It means that IF the E wave is complete, then a higher low could be placed and what would be needed next is a breakout of price from the flag pattern. This could take a few days.
Check out the MACD! The commonality of sentiment is no accident! IF Litecoin (LTC) still has the baton and actually leads the breakout, it'll be a potential leading indicator; even to BTC! MACD is very proximal to the apex and could also set a bull wick given how it temporarily pierced the lower yellow support line.
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You demonstrate a tested technical analysis approach to the crypto market.
I will use your guides to augment my own analysis, and set and personal rules for entry and exit.
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It will not be long before all cryptocurrencys rise up again.
Sir please upvote me also
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I see the current price dip for Litecoin going to make a very good long entry point.
Thanks
Thanks for the chart and interpretation. I'm definitely confident that cryptos will be back on the rise again shortly, the question is how big that rise will be. I'm hoping Bitcoin and Litecoin bubble a little bit over the next couple months without any huge highs or lows...then something much more significant towards the end of the year. Either way, I'm looking forward to see what Litecoin will do this year and next. I see a whole bunch of possible adoption of it coming soon! -Respect
I read - in the source below - that Litecoin and Dash are getting more popularity in the Darknet, as a consequence of the Bitcoin network drawbacks, namely speed and fees.
Probably this trend might or might not (depends on the size of the darknet, which I think is huge anyway) affect the balance of the whole cryptoshpere, and those two altcoins may exhibit huge prominence for this reason by end of the year.
https://cointelegraph.com/news/is-darknet-done-with-bitcoin
Darknet should check the Bytecoin. BTC and LTC are not anonymous coins.
I truly know close to nothing about the 'Darknet.' I think that the only time I have heard about something like it is when I discuss crypto with those that have no idea what it's used for...so they assume it's for something shady! -Respect
I'm hoping Bitcoin and Litecoin bubble a little bit over the next couple months without any huge highs or lows.
What do you think about this analysis?
